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Walgreens is planning on closing 450 stores in 2025.
About 1,200 stores are being closed over the next three years.
Trending: The 51st State?
Walgreens is continuing to close stores as part of its turnaround plans.
The thinning of Walgreens locations has been in the works. Walgreens said in October 2024 it planned to close about 1,200 underperforming stores across the U.S. as a strategy to offset declining profits resulting from low drug reimbursement rates and sluggish retail sales.
The strategy made sense, because about 25% of Walgreens stores were “not currently contributing to our long-term strategy,” Walgreens Boots Alliance Inc. CEO Timothy Wentworth said in June 2024
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